Morning Note and Swap Opportunities | Oct 7, 2022
Good Morning!
Futures are lower as the market digests the September jobs report that showed 288K new jobs created. That is down small compared to the +315K in August. Stocks would have rallied with a sub-200K or sub-150K but above 300K, would have been sold off. At +288K, we were close to the selloff enough that the 'good' news is now bad news.
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